Oppenheimer Asset Management Inc. Reduces Position in Saia, Inc. (NASDAQ:SAIA)

Oppenheimer Asset Management Inc. lessened its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,411 shares of the transportation company’s stock after selling 412 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Saia were worth $4,745,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SAIA. Kestra Investment Management LLC purchased a new stake in Saia during the 4th quarter worth approximately $25,000. Arcadia Investment Management Corp MI acquired a new stake in Saia during the 4th quarter valued at approximately $154,000. GAMMA Investing LLC lifted its stake in Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after acquiring an additional 219 shares during the period. World Equity Group Inc. acquired a new stake in Saia during the 4th quarter valued at approximately $201,000. Finally, Pinnacle Financial Partners Inc acquired a new stake in Saia during the 4th quarter valued at approximately $204,000.

Insiders Place Their Bets

In other news, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the sale, the executive vice president now owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the sale, the chief financial officer now directly owns 3,326 shares of the company’s stock, valued at $1,663,299.34. The trade was a 17.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,493 shares of company stock worth $4,646,181. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Cowen restated a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Jefferies Financial Group lifted their price objective on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Citigroup decreased their price objective on shares of Saia from $561.00 to $544.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group lifted their price objective on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Saia presently has a consensus rating of “Moderate Buy” and a consensus price target of $535.12.

Saia Stock Performance

NASDAQ:SAIA opened at $409.44 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The company has a fifty day moving average of $471.65 and a two-hundred day moving average of $466.76. The stock has a market capitalization of $10.90 billion, a PE ratio of 30.31, a P/E/G ratio of 2.24 and a beta of 1.79. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The company had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.33 earnings per share. As a group, research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.